Weatherholt Scott C 4
4 · Weatherford International plc · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Weatherford (WFRD) EVP Scott C. Weatherholt Receives RSUs/PSUs
What Happened
Scott C. Weatherholt, EVP, General Counsel & Chief Compliance Officer of Weatherford International (WFRD), had restricted share units (RSUs) vest and received new equity awards on March 7, 2026. The filing shows 3,788 shares resulted from the vesting/conversion of prior RSUs (exercise/conversion, reported with $0.00 share price), 1,491 shares were withheld to satisfy tax obligations (disposed at an effective $90.80/share for $135,383), and new awards of 7,079 RSUs and 10,619 performance share units (PSUs) were granted (reported at $0.00 per share as awards).
Key Details
- Transaction date: March 7, 2026; Form filed March 10, 2026 (filing appears timely).
- Tax-withholding sale: 1,491 shares withheld at an implied value of $90.80/share, total $135,383. (Transaction code F = tax withholding.)
- Vesting/conversion: 3,788 shares from prior RSUs reported as exercised/converted (code M) at $0.00 per share.
- New grants: 7,079 RSUs (code A) and 10,619 PSUs (code A) granted on March 7, 2026.
- Footnotes: prior RSUs granted Mar 7, 2025 vest in three equal annual installments (F1); withholding satisfied tax obligations (F2); RSUs granted Mar 7, 2026 vest over three years (F3); PSUs are target awards that may pay 0–200% based on performance over 2026–2028 (F4).
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
- The 1,491-share disposition is a routine tax-withholding event to cover taxes upon RSU vesting (cashless withholding), not an open-market sale. Such withholdings are common and don't necessarily signal insider sentiment.
- The new RSUs vest over three years; PSUs are performance-based and may pay out between 0%–200% of target depending on achievement of goals for fiscal years 2026–2028.
- Transaction codes: M = exercise/conversion of derivative (conversion of RSUs), F = tax withholding, A = grant/award.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-07+3,788→ 133,136 total - Tax Payment
Ordinary Shares
[F2]2026-03-07$90.80/sh−1,491$135,383→ 131,645 total - Exercise/Conversion
2025 Restricted Share Units
[F1]2026-03-07−3,788→ 7,574 total→ Ordinary Shares (3,788 underlying) - Award
2026 Restricted Share Units
[F3]2026-03-07+7,079→ 7,079 total→ Ordinary Shares (7,079 underlying) - Award
2026 Performance Share Units
[F4]2026-03-07+10,619→ 10,619 total→ Ordinary Shares (10,619 underlying)
Footnotes (4)
- [F1]Represents the vesting of restricted share units ("RSUs") granted on March 7, 2025 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest in three equal annual installments over the three-year period following the grant date.
- [F2]Represents the withholding of a portion of vested RSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the 2019 EIP and the relevant award agreements.
- [F3]Represents RSUs granted on March 7, 2026 pursuant to the 2019 EIP. The RSUs vest in three equal annual installments over the three-year period following the grant date.
- [F4]Represents performance share units ("PSUs") granted on March 7, 2026 under the 2019 EIP. The number of PSUs reported is the target award and may be subject to a payout ranging from 0% to 200% of the target award depending on the actual achievement of the performance goals at the end of the performance period. The PSUs vest based on actual performance during the Issuer's three fiscal years beginning on January 1, 2026 and ending December 31, 2028.